Treasury Analyst
Municipal Credit Union
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Job summary
Municipal Credit Union (MCU) in New York seeks a Treasury Analyst to support cash management, liquidity, funding, collateral management, reporting, and reconciliations. The role requires analyzing treasury data and ensuring internal controls in a fast-paced financial services environment.
Ideal candidate will have strong analytical skills, attention to detail, and the ability to manage multiple priorities. This is a full-time, on-site position with opportunities for growth and contribution to
Qualifications
- Bachelor's degree in Finance, Accounting, Economics, Business Administration, or related field.
- Two to four years of experience in treasury, finance, accounting, banking, or related financial services environment preferred.
- Credit union or banking experience preferred.
Responsibilities
- Monitor daily cash transactions and cash account balances.
- Prepare daily cash position reports and ending cash balances.
- Assist with liquidity management and funding activities.
- Maintain collateral records and supporting documentation.
- Prepare treasury reports and ad hoc analyses.
- Research and resolve cash-related discrepancies and issues.
Skills
Education
Job description
At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.
At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.
At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.
To help hard-working New Yorkers build better tomorrows
Be New York's most loved financial institution by helping our members build their best financial futures
The Treasury Analyst supports the Credit Union's treasury function through cash management, liquidity monitoring, funding activities, collateral management, reporting, reconciliations, and financial analysis. This position is responsible for assisting in the management of daily cash, liquidity needs, maintaining accurate records of treasury transactions, supporting wholesale funding activities, monitoring collateral positions, and ensuring compliance with established policies, procedures, and internal controls.
The ideal candidate will possess strong analytical skills, attention to detail, and the ability to effectively manage competing priorities in a fast-paced environment.
Specific duties include, but are not limited to, the following:
- Monitor daily cash transactions and cash account balances.
- Ensure sufficient funds are maintained in operational accounts, including Federal Reserve Bank and Federal Home Loan Bank accounts.
- Prepare daily cash position reports and ending cash balances.
- Make recommendations regarding the movement of funds as needed.
- Create and submit wire transfers for approval, including all required supporting documentation.
- Maintain account signature cards, authorized signer information, and contact records.
- Research and resolve cash-related discrepancies and issues.
- Maintain records of wholesale funding transactions.
- Assist with brokered certificate of deposit maturities and early withdrawal requests.
- Assist with funding-related wire activity, including brokered deposit transactions.
- Monitor liquidity positions and prepare related reports.
- Support liquidity management and funding activities as directed by management.
- Assist with the movement of collateral between custodians, the Federal Reserve Bank, and the Federal Home Loan Bank.
- Maintain collateral records and supporting documentation.
- Prepare reports monitoring collateral positions.
- Assist with audit confirmations and requests related to pledged collateral.
- Prepare daily, weekly, and monthly treasury reports.
- Assist with the preparation of management and committee reporting.
- Perform ad hoc analysis related to cash management, liquidity, funding, deposits, investments, and other treasury activities.
- Analyze data, identify trends or exceptions, and provide recommendations as appropriate.
- Assist with special projects and departmental initiatives.
- Prepare journal entries related to treasury activities as necessary.
- Perform account reconciliations and investigate reconciling items.
- Ensure transactions are accurately recorded and supported.
- Identify, research, and resolve discrepancies in a timely manner.
- Draft, maintain, and update Treasury procedures.
- Support internal and external audit activities.
- Respond to issues and requests on behalf of the Treasury Department.
- Maintain accurate records and documentation.
- Perform other duties and special projects as assigned by management.
- Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field.
- Two to four years of experience in treasury, finance, accounting, banking, or related financial services environment preferred.
- Credit union or banking experience preferred.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and accuracy.
- Strong time management and organizational skills.
- Ability to prioritize work and meet deadlines.
- Strong written and verbal communication skills.
- Ability to work independently and in a team environment.
- Ability to manage multiple responsibilities simultaneously.
- Ability to establish productive working relationships across the organization.
- High level of situational awareness and sound judgment.
- Ability to recognize the importance and urgency of issues and elevate appropriately.
- Demonstrated understanding of cash management principles.
- Understanding of reconciliations, journal entries, and accounting concepts.
- Knowledge of collateral management, wholesale funding activities and liquidity management preferred.
- Familiarity with Federal Reserve Bank and Federal Home Loan Bank operations preferred.
- Proficiency in Microsoft Excel, Word, and PowerPoint.
- Strong reporting and documentation skills.
Our Core Values are an integral part of who we are and who we hire. By living our Core Values, every day, we continue to attract the best and brightest talent, achieve unsurpassed results and continuously challenge ourselves to be better than yesterday. These values are at the heart of our organization and within every teammate. To be a great fit, you’ll bring the following
- We are passionate about winning.
- We proactively anticipate, respond and pivot to ensure MCU wins.
- We operate with the highest ethical standards and highest degree of honesty.
- We cultivate a culture of inclusion and teamwork.
- We take personal responsibility and hold ourselves accountable for the results.
The pay range for this position is between $66,300-$100,800 annually. Actual base pay offered may vary depending on a number of factors such as job-related knowledge, skills, experience, and location. Employees in this position may also be eligible for a discretionary bonus, 401(k) with an 6% employer match per pay period. Benefits for this position include Medical, vision, dental, life, and disability insurance, flexible paid time off and 11 paid holidays annually.
Municipal Credit Union (MCU) is an Equal Opportunity Employer. Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by applicable federal, state or local laws.
We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.
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